James R. Miller Sells 53,526 Shares of The RealReal, Inc. (NASDAQ:REAL) Stock

The RealReal, Inc. (NASDAQ:REAL) Director James R. Miller sold 53,526 shares of the company’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $3.24, for a total transaction of $173,424.24. Following the completion of the sale, the director now directly owns 157,891 shares of the company’s stock, valued at $511,566.84. The sale was disclosed in a filing with the SEC, which is accessible through this link.

RealReal Stock Up 7.5 %

Shares of NASDAQ:REAL opened at $3.45 on Monday. The firm has a market capitalization of $365.60 million, a PE ratio of -3.03 and a beta of 2.90. The company has a 50-day moving average price of $3.56 and a two-hundred day moving average price of $3.15. The RealReal, Inc. has a twelve month low of $1.26 and a twelve month high of $4.64.

RealReal (NASDAQ:REAL) last released its quarterly earnings data on Tuesday, May 7th. The company reported ($0.19) EPS for the quarter, topping the consensus estimate of ($0.23) by $0.04. The business had revenue of $143.80 million during the quarter, compared to the consensus estimate of $138.90 million. Analysts anticipate that The RealReal, Inc. will post -0.8 earnings per share for the current fiscal year.

Hedge Funds Weigh In On RealReal

A number of large investors have recently made changes to their positions in REAL. Calamos Advisors LLC bought a new stake in shares of RealReal during the 2nd quarter valued at $34,000. Crown Wealth Group LLC bought a new stake in shares of RealReal during the first quarter valued at about $39,000. Game Plan Financial Advisors LLC lifted its holdings in shares of RealReal by 233.3% in the first quarter. Game Plan Financial Advisors LLC now owns 10,000 shares of the company’s stock worth $39,000 after buying an additional 7,000 shares in the last quarter. Searle & CO. bought a new position in shares of RealReal in the first quarter valued at approximately $39,000. Finally, Chicago Partners Investment Group LLC purchased a new position in RealReal during the fourth quarter valued at approximately $40,000. 64.73% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on REAL. Wedbush boosted their target price on RealReal from $3.00 to $4.50 and gave the stock an “outperform” rating in a research note on Wednesday, May 8th. Wells Fargo & Company boosted their price objective on RealReal from $2.00 to $4.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 8th. Needham & Company LLC reaffirmed a “buy” rating and set a $6.00 target price on shares of RealReal in a research report on Wednesday, May 8th. Finally, UBS Group lifted their target price on RealReal from $2.30 to $3.70 and gave the stock a “neutral” rating in a research note on Friday, April 12th. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $3.99.

About RealReal

The RealReal, Inc operates an online marketplace for resale luxury goods in the United State. The company offers various product categories, including women's fashion, men's fashion, jewelry, and watches. It primarily sells products through online marketplace and retail stores. The company was incorporated in 2011 and is headquartered in San Francisco, California.